DANSK SKOVFORENING — Credit Rating and Financial Key Figures
Credit rating
Company information
About DANSK SKOVFORENING
DANSK SKOVFORENING (CVR number: 59198513K) is a company from KØBENHAVN. The company reported a net sales of 582.3 mDKK in 2023, demonstrating a decline of -33.2 % compared to the previous year. The operating profit percentage was poor at -3.2 % (EBIT: -18.7 mDKK), while net earnings were -21.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was -7.5 %, which can be considered poor and Return on Equity (ROE) was -24 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 48.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. DANSK SKOVFORENING's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 567.52 | 776.65 | 871.90 | 582.32 | |
Gross profit | 74.27 | 47.13 | 58.32 | 40.09 | 20.12 |
EBIT | 44.58 | 20.83 | 24.67 | 8.47 | -18.71 |
Net earnings | 34.96 | 13.51 | 13.40 | 1.82 | -21.73 |
Shareholders equity total | 59.02 | 71.93 | 99.83 | 101.45 | 79.71 |
Balance sheet total (assets) | 122.38 | 188.33 | 249.72 | 253.16 | 172.46 |
Net debt | -19.78 | -13.78 | 49.47 | -31.05 | |
Profitability | |||||
EBIT-% | 3.7 % | 3.2 % | 1.0 % | -3.2 % | |
ROA | 39.4 % | 14.1 % | 11.3 % | 4.2 % | -7.5 % |
ROE | 84.5 % | 20.6 % | 15.6 % | 1.8 % | -24.0 % |
ROI | 70.5 % | 26.0 % | 14.3 % | 4.9 % | -11.4 % |
Economic value added (EVA) | 36.01 | 12.73 | 21.80 | 1.00 | -22.34 |
Solvency | |||||
Equity ratio | 48.7 % | 39.3 % | 100.0 % | 40.5 % | 48.5 % |
Gearing | 22.6 % | 25.7 % | 81.0 % | 20.1 % | |
Relative net indebtedness % | 14.4 % | 13.6 % | 7.8 % | ||
Liquidity | |||||
Quick ratio | 1.4 | 1.2 | 1.0 | 1.4 | |
Current ratio | 1.7 | 1.7 | 1.6 | 1.7 | |
Cash and cash equivalents | 33.13 | 32.23 | 32.75 | 47.06 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 47.2 | 40.2 | 36.3 | ||
Net working capital % | 8.7 % | 7.4 % | 7.1 % | ||
Credit risk | |||||
Credit rating | A | AA | A | AA | BBB |
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